Current Research Papers
"Understanding Central Bank Loss
Functions: Implied and Delegated Targets”
By Huiping Yuan and Stephen M.
Miller
“Monetary Policy and Housing Sector Dynamics
in a Large-Scale Bayesian Vector Autoregressive Model”
By Rangan Gupta, Marius Jurgilas, Alain Kabundi, and Stephen M. Miller
“Using Large Data Sets to Forecast Housing
Prices: A Case Study of Twenty US States”
By Rangan Gupta, Alain Kabundi, and Stephen M. Miller
“Time Series Properties of Housing Prices: A
Case Study of the Southern California Market”
By Rangan Gupta and Stephen M. Miller
“‘Ripple Effects’ and Forecasting Home Prices
in Los Angeles, Las Vegas, and Phoenix”
By Rangan Gupta and Stephen M. Miller
“Do Structural Oil-Market Shocks Affect Stock
Prices?” Energy Economics,
forthcoming
By Nicholas Apergis and Stephen M. Miller
“Geographic
Deregulation and Commercial Bank Performance in US State Banking Markets”
By Yong-Dong Zou, Stephen M. Miller, and Bernard Malamud
“Is
the Great Moderation Ending? UK and US Evidence”
By Giorgio Canarella, WenShwo Fang, Stephen M. Miller, and Stephen K.
Pollard
“Does
a Threshold Inflation Rate Exist? Quantile Inferences for Inflation and Its
Variability” shorter version in Empirical
Economics, in press.
By WenShwo Fang, Stephen M. Miller, and Chih-Chuan Yeh
“Cross-Country
Evidence on Output Growth Volatility: Nonstationary Variance and GARCH Models” Scottish Journal of Political Economy,
September 2008.
By WenShwo Fang, Stephen M. Miller, and ChunShen Lee
“Cost Improvements, Returns to Scale, and
Cost Inefficiencies for Real Estate Investment Trusts”
By Stephen M. Miller and Thomas M. Springer
"Total Factor
Productivity and Monetary Policy: Evidence from Conditional Volatility"
International Finance, Summer 2007.
By Nicholas Apergis and Stephen
M. Miller
"Restructuring
the Wealth Effect on Consumption: Further Analysis and Extension"
By Nicholas Apergis and Stephen
M. Miller
"The
Great Moderation and the Relationship between Output Growth and Its
Volatility" Southern Economic Journal, January
2008.
By WenShwo Fang and Stephen M.
Miller
"A General Schema for Monetary
Policymaking: Objectives and Rules”
By Huiping Yuan and Stephen M.
Miller
"The Walsh Contract for Central Bankers
Are Optimal After All!” Public Choice, April
2007.
By Georgios E. Chortareas and
Stephen M. Miller
By Huiping Yuan and Stephen M.
Miller
"The Making of Optimal and Consistent Policy:
An Analytical Framework for Monetary Models”
By Huiping Yuan, Stephen M.
Miller, and Langnan Chen
"Consistent Targets and Optimal Policy:
A Note”
By Huiping Yuan and Stephen M.
Miller
“Economies of Scale and Cost Efficiencies: A Panel-Data
Stochastic-Frontier Analysis of Real Estate Investment Trusts” The
Manchester School, July 2006.
By Stephen M. Miller, Terrence M. Clauretie, and Thomas M. Springer
”Equity
Markets, the Money Market, and Long-Run Neutrality” International
Review of Economics Education, forthcoming.
By Stephen M. Miller
“Export
Promotion through Exchange Rate Policy: Exchange Rate Depreciation or
Stabilization” Southern Economic Journal, January 2006.
By WenShwo Fang, YiHao Lai, and
Stephen M. Miller
“Does Exchange Rate Risk Affect Exports
Asymmetrically? Asian Evidence”
By WenShwo Fang, YiHao Lai, and Stephen M. Miller
"Exchange
Rate Depreciation and Exports: The Case of Singapore Revisited" Applied
Economics, February 2007.
By WenShwo Fang and Stephen M.
Miller
"The
Value of Waiting: Foreign Direct Investment with Uncertainty and Imperfect
Local Knowledge"
By Yongil Jeon, Taekwon Kim, and Stephen M. Miller
"The
Geographic Distribution of the Size and Timing of Monetary Policy Actions"
By Yongil Jeon and Stephen M.
Miller
"Inflation
Targeting and Output Growth: Evidence from Aggregate European Data" International Monetary
Fund Working Paper No. 05/89.
By Nicholas Apergis, Stephen M.
Miller, Alexandros Panethimitakis, and Athanassios Vamvakidis
"Consumption
Asymmetry and the Stock Market: New Evidence through a Threshold Adjustment
Model"
By Nicholas Apergis and Stephen
M. Miller
"Consumption
Asymmetry and the Stock Market: Empirical Evidence"
Economics Letter, December 2006.
By Nicholas Apergis and Stephen
M. Miller
"Macroeconomic
Rationality and Lucas's Misperceptions Model: Further Evidence from Forty-One
Countries" Journal
of Economics and Business, May-June 2004.
By Nicholas Apergis and Stephen
M. Miller
By Yasmina R. Limam and Stephen
M. Miller
"MBA Program
Reputation: Objective Rankings For Students, Employers, And Program
Administrators"
By Yongil Jeon, Stephen M.
Miller, and Subhash Ray
By Yongil Jeon and Stephen M.
Miller
"Foreign
and Domestic Bank Performance: An Ideal Decomposition of Industry Dynamics"
By Yongil Jeon and Stephen M.
Miller
"Bank
Performance: Market Power or Efficient Structure"
By Yongil Jeon and Stephen M.
Miller
"Deregulation
and Structural Change in the U.S. Commercial Banking Industry" Eastern
Economic Journal, Summer 2003.
By Yongil Jeon and Stephen M.
Miller
"Has
Deregulation Affected Births, Deaths, and Marriages in the U.S. Commercial
Banking Industry" Economic Inquiry, April
2007.
By Yongil Jeon and Stephen M.
Miller
"Explaining
U.S. Commercial Bank Births, Deaths, and Marriages"
By Yongil Jeon and Stephen M.
Miller
"Do
Foreign Bank Operations Provide a Stabilizing Influence in Korea?" Quarterly
Review of Economics and Finance, February 2006.
By Yongil Jeon, Stephen M.
Miller, and Paul A. Natke
"The
Performance of Domestic and Foreign Banks: The Case of Korea and the Asian
Financial Crisis" Global Economic Review, June 2005.
By Yongil Jeon and Stephen M.
Miller
"The
Effect of the Asian Financial Crisis on the Performance of Korean Nationwide
Banks" Applied Financial Economics, 1 March 2004.
By Yongil Jeon and Stephen M.
Miller
"The Real
Exchange Rate in Small Open Developed Economies: Evidence from Cointegration
Analysis" Economic Record, March 2004.
By Debabrata Bagchi, Georgios
E. Chortareas, and Stephen M. Miller
"Central Banker
Contracts, Incomplete Information, and Monetary Policy Surprises: In Search of
a Selfish Central Banker?" Public Choice, September 2003.
By Georgios E. Chortareas and
Stephen M. Miller
"Optimal
Central Banker Contracts and Common Agency" Public Choice, October
2004.
By Georgios E. Chortareas and
Stephen M. Miller
"Monetary
Policy Delegation, Contract Costs, and Contract Targets" Bulletin
of Economic Research, January 2003.
By Georgios E. Chortareas and
Stephen M. Miller
"The
Relationship between Large Fiscal Adjustments and Short-Term Output Growth
under Alternative Fiscal Policy Regimes" Contemporary Economic
Policy, January 2003.
By Stephen M. Miller and Frank
S. Russek
"Productivity
Growth in Large US Commercial Banks: The Initial Post-Deregulation
Experience" Journal of Banking and Finance, May 2001.
By Kankana Mukherjee, Subhash
C. Ray and Stephen M. Miller
"Teaching Time Preference
and Human Impatience: The Billionaire Game"
By Stephen M. Miller
"The Perception of
Government Bonds and Money as Net Wealth: An Integrated Approach"
Eastern Economic Journal, Fall 1998.
By Alpha C. Chiang and Stephen
M. Miller
"An Endogenous Model
of Union Density and Membership"
By Habib Ahmed and Stephen M.
Miller
By Stephen M. Miller and Mukti
P. Upadhyay
"Total
Factor Productivity and the Convergence Hypothesis" Journal of
Macroeconomics, June 2002.
By Stephen M. Miller and Mukti
P. Upadhyay
"The
Effects of Openness, Trade Orientation, and Human Capital on Total Factor
Productivity" Journal of Development Economics, December 2000.
By Stephen M. Miller and Mukti
P. Upadhyay
"The Exchange
Rate-Investment Nexus and Exchange Rate Instability: Another Reason for ‘Fear
of Floating’" Keio Economic
Studies, forthcoming
By Habib Ahmed, C. Paul
Hallwood, and Stephen M. Miller
"Crowding-Out
and Crowding-In Effects of the Components of Government Spending" Contemporary
Economic Policy, January 2000.
By Habib Ahmed and Stephen M.
Miller
"The
Level of Development and the Determinants of Output Growth: A Cross-Country
Analysis" Applied Economics, June 2002.
By Habib Ahmed and Stephen M.
Miller
"Monetary and
Exchange Rate Policy in Multisectoral Economies” Quarterly
Review of Economics and Business, July/August 1997.
By Habib Ahmed and Stephen M.
Miller
"Using Leading
Indicators to Forecast U.S. Home Sales in a Bayesian VAR Framework"
Journal of Real Estate Finance and Economics, March 1999.
By Pami Dua, Stephen M. Miller,
and David J. Smyth
"Performance
Evaluation of the New Connecticut Leading Employment Index Using Lead Profiles
and BVAR Models" Journal of Forecasting, September
2006.
By Anirvan Banerji, Pami Dua, and
Stephen M. Miller
By Victor Olivo and Stephen M.
Miller
"Transfer
Pricing in the Decentralized Multinational Corporation"
By Peter C. Dawson and Stephen
M. Miller
"Currency
Depreciation and Korean Stock Market Performance during the Asian Financial
Crisis"
By WenShwo Fang and Stephen M.
Miller
"Dynamic
Effects of Currency Depreciation on Stock Market Returns during the Asian
Financial Crisis"
By WenShwo Fang and Stephen M.
Miller
"Explaining
Recent Connecticut Bank Failures"
By Stephen M. Miller and
Athanasios G. Noulas